Posted on 02/03/2015 5:59:55 PM PST by dynachrome
Despite having Goldman Sachs CEO Lloyd Blankfein as an investor and being Bill and Hillary Clinton's son-in-law, Marc Mezvinsky (and two former colleagues from Goldman Sachs who manage Eaglevale Partners hedge fund) told investors in a letter sent last week they had been "incorrect" on Greece, helping produce losses for the firms main fund during two of the past three years. By 'incorrect' Chelsea Clinton's husband means the Eaglevale fund focused on Greece lost a stunning 48% last year and, as The Wall Street Journal reports, is impacting the overall returns of the roughly $400 million fund which has spent 27 of its 34 months in operation below its "high-water mark."
(Excerpt) Read more at zerohedge.com ...
Kid: “Hiya Beasty, oops, sorry Mrs. Clinton I mean, Hey,I need some financial advice and I know you kicked butt turning a 1000 dollar cattle futures bet into 100K overnight! Can I ask you for help? Hillary: “Yeah, sure, SHOOT!......Oops, Oh I’m sorry, I was just thinking of Vince Foster, anyway what is your question sonny. Kid: “I want to invest in Greece.” Hillary: “Good idea......meet me in Fort Marcy park tomorrow at 3 pm and I will loan you the money.”
As a Grandmom Hillary said he should have gotten his hedge fund shot.
Guess he will have to start a charity to help the helpless Haitians and skim enough off the top to bail out his hedge fund or divorce Chubs and find some widower heiress like Heinz to marry.
Should have stuck to cattle futures
I love that gif. The best loser one I have seen.
Come on everybody! Do you REALLY think this will have ANY effect on chelsea hubbell and her hubby? Consequences are for the little people.
They may have been counting on being able to bleed the German taxpayers and avoid any real risk.
A lot of funny comments below the ZH story.
They went long on Greece
The most left leaning populace in Western Europe
Hmm
The fund went long expecting Greeks to prosper actually
this jerk needs to be put in charge of the clintoon foundation.
Yes. I think Freepers everywhere feel really, really bad about this.
Further proof that the only way to make a small fortune investing with some funds is to start with a large one.
“she doesn’t care about money anyway” ..quote.
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